Sources said prime minister's office (PMO) has directed the department of financial services to take the necessary steps and has also asked the revenue department to offer attractive tax incentives- including faster depreciation on electric vehicles - to encourage corporates to go electric rather than buy conventional petrol and diesel vehicles.

It will take a while for ICE to move entirely to electrification, and the intermediate stage there is the hybrids, says Anil Kumar, MD, SEG Automotive, In an interview with ETAuto he said that the upcoming CAFE norms will support the growth of hybrids in the country. Commenting on the business outlook, Kumar informed that at present SEG's 30-40 per cent of business is going to exports and the company is looking for expanding its global network.In transition from ICE to electric, hybrids are the intermediate solutions: MD, SEG Automotive

Automotive Research Association of India (ARAI) is expanding its team to embrace the changes happening in mobility in India like BS-VI and electrification. In an interaction with ETAuto, Rashmi Urdhwareshe, Director, ARAI shared her views the new steps taken by her organisation to strengthen their testing capabilities for new vehicles. However, seeing the preparedness of India on the infrastructure front she highlighted that achieving 30 per cent electrification in new car sales by 2030 will be a daunting task.30% electrification by 2030 is a difficult number to achieve: Rashmi Urdhwareshe, Director, ARAI

As per the apex court's direction, the MoRTH has already communicated to the State Governments within NCR on 1st Oct, 2018 vide letter no. RT-11021/47/2014-MVL to implement color code scheme. In view of this light blue, orange and Gray colored stickers for petrol/CNG, Diesel & all other vehicles respectively, are being implemented.

Newly-registered private electric vehicles will be offered tax rebates. Secondly, Rs 12 crore has been allotted for starting ‘an e-mobility promotion fund’, which will be used for giving tax subsidy to 10,000 electric autos.

Global auto industry mergers more than doubled to an all-time high of $97.5 billion in 2018 from a year earlier, driven by mega-deals in the automotive parts sector, according to a report released on Thursday by consultancy PwC.

Dheeraj Hinduja, chairman at India’s second largest truck maker Ashok Leyland, prefers a low profile, but with managing director Vinod Dasari leaving at the end of the month, he says he’s become more “hands-on”.